Medicare Supplement Plans in Minnesota

Once enrolled in Medicare Part A and Part B, you're qualified to enroll in any of Minnesota's best Medicare Supplement plans. These plans are designed to cover the out-of-pocket expenses after the Original Medicare is billed, including copayments, deductibles, and coinsurance charges. These out-of-pocket expenses are often referred to as gaps in the Medicare system, which is why Medicare Supplement plans are often referred to as Medigap policies.

Minnesota is one of three states that vary from most states' standardized Medicare Supplement plans. Rather than selecting from 10 plans identified by numbers, Minnesota beneficiaries can choose between the Basic Plan and the Extended Basic Plan for. This page will answer all your questions about Medicare Supplement plans in Minnesota, allowing you to make educated decisions regarding your healthcare coverage.

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How Are Rates Calculated for Medicare Supplement Plans in Minnesota?

Minnesota law requires all insurance companies to use one system for determining Medigap rates for all Medicare beneficiaries. This means that someone under 65 with a disability will receive the same premiums for the best Medicare Supplement plans in Minnesota for seniors over 65. There are three ways that an insurance company may determine those rates:

Issue-Age Rating

  • Your age at the time of Medigap plan enrollment determines your premium. Your rate doesn't increase due to your advancing age in the future.

Attained-Age Rating

  • Your current age always determines your rate. Therefore, your premium will get higher as you age.

Community Rating

  • Everyone subscribed to a particular Medicare Supplement plan receives the same rate regardless of age.

Community-rated policies are the most common and popular Medicare Supplement plans in Minnesota. Rates are also determined by your zip code and the population density in your local area.

Medicare Supplement Plans in Minnesota: Plan Options

You may choose between two Medicare Supplement plans in Minnesota as an Original Medicare beneficiary. Unlike in most other states, you can't choose one of the ten popular standardized plans, such as standard or high-deductible Medicare Supplement Plan F. Instead, you'll need to select one of these two options:

Basic Medigap Plan in Minnesota

  • It doesn't cover Medicare Part B deductible and other out-of-pocket expenses

Extended Basic Medigap Plan in Minnesota

  • Covers Part B deductibles plus all out-of-pocket expenses after the annual $1,000 out-of-pocket maximum is satisfied

Each of these plans has its list of benefits, with the extended plan offering the most comprehensive coverage in exchange for higher rates. Beneficiaries selecting a Medicare Supplement plan in Minnesota also have the option of adding up to four riders:

  • Insurance hospital deductible for Medicare Part A
  • Part B deductible
  • Preventive care not offered through Original Medicare
  • Customary and usual fees

The rider system allows you to customize your Medigap plan in MN, but it also makes it more difficult to compare rates before making your final decision. In addition to comparing rates for each plan, you need to compare available riders and prices for those additions to your coverage.

Many people consider Extended Basic Plans the best Medicare Supplement plans in Minnesota because more coverage is offered. However, even a Basic Health Plan can help you supplement your Medicare coverage well, and your monthly premium will typically be significantly cheaper. Talking to one of our licensed insurance agents about these two options from private insurance companies like Blue Cross Blue Shield will help you save the most money.

How Does A Medicare Supplement Plan Cover Prescription Drugs?

Even Minnesota's best Medicare Supplement plans will not include prescription drug coverage. Instead, you must purchase a separate Medicare Part D plan for your medications.

Suppose your income is limited, and you struggle to pay premiums for either the Medicare Supplement or your prescription drug plan. In that case, you may qualify for one of Minnesota's Medicare Savings Programs. You may also be eligible for Medical Assistance, Minnesota's Medicaid program.

Some people opt to sign up for one of the Medicare Advantage plans (Medicare Part C) instead of a Supplemental plan. With an HMO or PPO plan, you will have more limitations than you will with a Supplement. However, prescription drug coverage might be included.

Medicare Supplement Plans in Minnesota: When Can I Enroll?

The best time to enroll in one of Minnesota's best Medicare Supplement plans is during your Medigap open enrollment period. Your first opportunity is the initial enrollment period, which starts on the first day of the month you turn 65. This period lasts for six months, and there are some significant benefits to enrolling before it closes:

Medigap Guaranteed Acceptance

  • The insurance company cannot deny you coverage for either of the Medicare Supplement plans.

Medigap Guaranteed Renewal

  • The insurance company cannot cancel your Medicare Supplement plan in Minnesota until your premiums are paid.

No Medigap Underwriting

  • You get to bypass underwriting, and you don't have to answer questions regarding your medical history.

Unlike many other states, Minnesota extends these guaranteed benefits to every Medicare beneficiary regardless of age. As a result, beneficiaries under the age of 65 who qualify for Original Medicare due to disability don't need to wait until they turn 65 to receive guaranteed acceptance.

Can I Use My Minnesota Medicare Supplement Plan In Other States?

Even though the type of Medicare Supplement plans in Minnesota differs from those offered in most other states, you can still use your project in any state. Your zip code may impact your premium, but it does not affect your choice of doctors. With the best Medicare Supplement plans in Minnesota, you have the freedom to see any medical professional in the country who accepts Medicare as payment.

Medicare Supplement Plans in Minnesota: Enrollment Statistics

Medicare enrollment and enrollment in Medicare plans are highest in the more populated counties in Minnesota. However, there are Medicare enrollees and enrollees in Medicare Supplement insurance from all over the state.

  • The five largest counties in Minnesota include:
  • Hennepin
  • Ramsey
  • Dakota
  • Anoka
  • Washington

In 2010, Anoka, St. Louis, Dakota, and Ramsey counties had the highest number of Medicare beneficiaries. In 2015, there were more than 900,000 Medicare beneficiaries in Minnesota. This translates to approximately 12 percent of the state's population. In addition, more than 120,000 Medicare beneficiaries were also enrolled in Medigap policies in 2015.

Whether you live in a more rural area or a bigger city in Minnesota, it's worth looking into the best Medicare Supplement plans in Minnesota. One of these health plans can help you significantly reduce out-of-pocket costs for care in a skilled nursing facility, temporary home health care, inpatient hospital expenses, and more.

After all, even though the federal Medicare program does offer many Medicare benefits, your Medicare costs could be high without one of these insurance plans.

Minnesota State Links

There are state health insurance and federal websites that you can use for more information about Medicare and the best Medicare Supplement plans in Minnesota:

About Us

Senior Life Insurance Plans is an excellent resource for Medicare beneficiaries to learn about their options; we also specialize in old life insurance plans. We help educate Medicare beneficiaries on their Medigap options and help them go through the process of reviewing and comparing plans. We work with most of the nation's top-rated Medigap carriers, such as Aetna, Cigna, Mutual of Omaha, and Florida Blue Medicare plans. So give us a call today or request a quote online to learn more about plans in your state. We educate you on the best Medicare Plans for your situation, then let you decide.

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